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Podcast Platform Himalaya Media Launches With $100M Funding Round

Just as Spotify is beefing up its podcast presence with acquisitions of Gimlet Media and Anchor, a new podcasting platform is making its own splashy entrance into the market.

Himalaya
Media, a production studio, podcast platform and audio content network, saysit has raised $100 million from investors, with plans “to climb to the peak of the global podcast
space.”

Himalaya is backed by Asia’a largest spoken audio platform, Ximalaya FM, as well as General Atlantic and SIG. The company’s CEO is Yu Wang, previously
co-founder and CTO of Otto Radio

Perhaps more significantly, Himalaya is launching with a robust slate of original and exclusive shows.

It has a deal with the Dallas
Mavericks to be the NBA franchise’s exclusive creative and distribution partner in the U.S. It is also partnering with Starburns Audio, the studio behind the popular podcasts "Harmon Town" and
"Dumb People Town."

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Those shows will join the Himalaya network, and the studio will create originals for the platform.

Himalaya also says it will launch exclusive podcasts
this year from chef Hugh Acheson, DJ, reality TV star and promoter James Kennedy, as well as podcasts from Ozy Media and New Rockstars.

The platform will launch with advertising,
powered by Acast, with dynamic ad insertion and analytics from Panoply Media.

The company is betting it has a differentiated set of features compared to other platforms, with some
features borrowed from television and YouTube.

For example, the Himalaya app will include a sleep timer, letting the user fall asleep with their favorite podcast. It will also
allow for tipping, letting users throw a few dollars to their favorite podcaster in addition to any ad revenue. It also allows for episodic playlists, letting users create their podcast playlists and
share them.

February may only be a week old, but it is shaping up to be a groundbreaking month for podcasting. Spotify’s massive acquisitions and Himalaya’s $100
million launch, suggest that streaming audio companies and VCs think that spoken-word audio has a robust and viable future.